Uranium International Corp. Receives a NI 43-101 Resource Calculation From Dalton...
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Uranium International Corp. Receives a NI 43-101 Resource Calculation From
Dalton Pass, New Mexico Property
ALBUQUERQUE, N.M., Aug. 27 /PRNewswire-FirstCall/ -- The Board of
Directors of Uranium International Corp. ("Uranium International")
(OTC Bulletin Board: URNI) has received from M. Hassan Alief, M.Sc., CPG, of
Alinco GeoServices Inc., a National Instrument 43-101 compliant technical
report outlining the uranium mineral resource estimate for its Dalton Pass
property (the "UIC Technical Report").
The Dalton Pass Property (32 claims; 640 acres) evaluated in this
technical report consists of thirty-six unpatented mining claims in Section
32, Township 17 North, Range 13 West, (T17N,R13W) NMPM, McKinley County, New
Mexico. The claims are owned by Strathmore Minerals (US) Ltd. and are optioned
to Uranium International. Uranium International has the right to earn 65%
interest in the property by spending a specified amount as detailed in the
company's release of July 11, 2007, available on its website at
http://www.uraniuminternational.com.
According to the UIC Technical Report, uranium mineralization is found
within the upper, middle and lower parts of the Westwater Canyon sandstone
Member of Morrison Formation. The mineralization may be a few inches to over
ten feet thick, and extend from a few feet to a hundred or more feet in
lengths.
Using the cut-off grade of 0.05% eU3O8 at an average grade of 0.095% and a
grade times thickness (GT) of 0.25, Mr. Alief estimated a combined indicated
and measured mineral resource totalling 1,622,650 tons of mineralized
material, containing 3,070,726 lbs eU3O8, consisting of a measured mineral
resource estimate of 446,267 tons of mineralized material containing 839,137
lbs of eU3O8 and an indicated mineral resource of 1,176,383 tons of
mineralized material containing 2,231,589 lbs of eU3O8. In addition to the
above measured and indicated mineral resource estimates, Mr. Alief reported an
inferred mineral resource estimate of 908,127 tons of mineralized material at
a grade of 0.084% eU3O8 containing a total of 1,529,823 lbs eU3O8.
Qualified Person
M. Hassan Alief, M.Sc., CPG, of Alinco GeoServices Inc., the author of the
UIC Technical Report, is an independent Qualified Person under National
Instrument 43-101, and has reviewed and approved the technical disclosure in
this news release.
ABOUT URANIUM INTERNATIONAL CORP:
Uranium International Corp. is an international resource exploration
company with a foundational asset in New Mexico, USA. The Company is focused
on the acquisition of properties with potential uranium targets.
For further information see: http://www.uraniuminternational.com
Symbol: OTCBB - URNI; Frankfurt AN4, WKN NO. A0MUN4.
Contact: Investor Relations (USA)
Tel. Toll-free 1-866-590-6589
Investor Relations (Europe)
Tel. +41-43-888-6701
TECHNICAL DISCLOSURE - DIFFERING CANADIAN AND US SECURITIES LEGISLATION
The technical disclosure in this news release has been prepared in
accordance with National Instrument 43-101 commonly referred to as "NI 43-101"
which is an instrument issued pursuant to Canadian securities legislation and
governing technical disclosure on mineral properties. NI 43-101 provides for
amongst other things, disclosure of mineral resources and mineral reserves
which have been estimated in accordance with the definition standards on
mineral resources and mineral reserves of the Canadian Institute of Mining,
Metallurgy and Petroleum referred to in NI 43-101. As a company who is
providing information to shareholders in Canada, we are providing disclosure
in accordance with NI 43-101. U.S. reporting requirements for disclosure of
mineral properties are governed by the SEC Industry Guide 7. NI 43-101 and
SEC Industry Guide 7 standards are substantially different. The terms
"mineral resource," "inferred mineral resource," "indicated mineral resource,"
"measured mineral resource," "mineral reserve," "probable mineral reserve,"
"proven mineral reserve," "preliminary assessment," "preliminary feasibility
study" and "feasibility study" are Canadian mining terms as defined in
accordance with NI 43-101. These definitions differ from the definitions in
SEC Industry Guide 7. For example, under SEC Industry Guide 7 standards,
there is no provision for disclosure of mineral resources, whether they be
measured mineral resources, indicated mineral resources or inferred mineral
resources.
SAFE HARBOR STATEMENTS:
This press release contains "forward-looking information" that is based on
the parties' current expectations, estimates, forecasts and projections. The
words "may," "would," "could," "should," "will," "likely," "expect,"
"anticipate," "intend," "estimate," "plan," "forecast," "project" and
"believe" or other similar words and phrases are intended to identify
forward-looking information. Forward-looking information is subject to known
and unknown risks, uncertainties and other factors that may cause the parties'
actual results, level of activity, performance or achievements to be
materially different from those expressed or implied by such forward-looking
information. Such factors include, but are not limited to: completion of the
arrangement, economic performance of the combined company, and future plans
and objectives of Nu-Mex/Uranium International, including future exploration
and development. This list is not exhaustive of the factors that may affect
our forward-looking information. These and other factors should be considered
carefully and readers should not place undue reliance on such forward-looking
information. Nu-Mex/Uranium International disclaim any intention or obligation
to update or revise forward-looking information, whether as a result of new
information, future events or otherwise.
This press release has been prepared by management of the parties who
takes full responsibility for its contents. Each of the NASD, the SEC and the
OTCBB neither approves nor disapproves of the contents of this press release.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction.
SOURCE Uranium International Corp.
Investor Relations (USA), 1-866-590-6589, or Investor Relations (Europe),
+41-43-888-6701, both of Uranium International Corp.
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